MAIN: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
MAIN
Largest movements
- Tangible fixed assets +€17,825
up €17,825 (+150.8%), from €11,817 to €29,643
of which Furniture and vehicles: +€15,775
- Cash +€12,042
up €12,042 (+72.6%), from €16,595 to €28,637
mainly Net result for the year (+€28,950) and Depreciation (+€6,626)
- Receivables within one year -€6,557
down €6,557 (-33.3%), from €19,663 to €13,106
of which Trade receivables: -€8,566
- Profit (loss) carried forward +€28,950
up €28,950 (+42.6%), from -€67,951 to -€39,001
- Tax, wage and social debts -€3,678
down €3,678 (-68.7%), from €5,355 to €1,677
of which Taxes: -€3,178
- Other debts -€2,879
down €2,879 (-100.0%), from €2,879 to €0
- Gross operating margin +€35,206
up €35,206 (+595.0%), from €5,917 to €41,123
- Depreciation +€2,432
up €2,432 (+58.0%), from €4,194 to €6,626
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €48,471 | €71,564 | +€23,093 | +47.6% |
| Fixed assets | 21/28 | €11,817 | €29,643 | +€17,825 | +150.8% |
| Tangible fixed assets | 22/27 | €11,817 | €29,643 | +€17,825 | +150.8% |
| Land and buildings | 22 | €3,155 | €3,513 | +€358 | +11.3% |
| Plant, machinery and equipment | 23 | - | €1,896 | +€1,896 | |
| Furniture and vehicles | 24 | €7,655 | €23,430 | +€15,775 | +206.1% |
| Other tangible fixed assets | 26 | €1,008 | €804 | -€204 | -20.2% |
| Current assets | 29/58 | €36,654 | €41,921 | +€5,268 | +14.4% |
| Amounts receivable within one year | 40/41 | €19,663 | €13,106 | -€6,557 | -33.3% |
| Trade receivables | 40 | €19,663 | €11,097 | -€8,566 | -43.6% |
| Other amounts receivable | 41 | €0 | €2,009 | +€2,009 | |
| Cash at bank and in hand | 54/58 | €16,595 | €28,637 | +€12,042 | +72.6% |
| Deferred charges and accrued income | 490/1 | €396 | €179 | -€217 | -54.9% |
| Total equity and liabilities | 10/49 | €48,471 | €71,564 | +€23,093 | +47.6% |
| Equity | 10/15 | €40,089 | €69,039 | +€28,950 | +72.2% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €101,539 | €101,539 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,950 | €1,950 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,950 | €1,950 | = | 0.0% |
| Distributable reserves | 133 | €99,589 | €99,589 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€67,951 | -€39,001 | +€28,950 | +42.6% |
| Amounts payable | 17/49 | €8,382 | €2,526 | -€5,857 | -69.9% |
| Amounts payable within one year | 42/48 | €8,382 | €2,526 | -€5,857 | -69.9% |
| Trade debts | 44 | €149 | €849 | +€700 | +471.3% |
| Suppliers | 440/4 | €149 | €849 | +€700 | +471.3% |
| Taxes, remuneration and social security | 45 | €5,355 | €1,677 | -€3,678 | -68.7% |
| Taxes | 450/3 | €4,855 | €1,677 | -€3,178 | -65.5% |
| Remuneration and social security | 454/9 | €500 | €0 | -€500 | -100.0% |
| Other amounts payable | 47/48 | €2,879 | €0 | -€2,879 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,194 | €6,626 | +€2,432 | +58.0% |
| Other operating charges | 640/8 | €451 | €465 | +€14 | +3.2% |
| Non-recurring operating charges | 66A | - | €4,457 | +€4,457 | |
| Gross operating margin | 9900 | €5,917 | €41,123 | +€35,206 | +595.0% |
| Operating profit (loss) | 9901 | €1,272 | €29,575 | +€28,303 | +2225.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €295 | €190 | -€105 | -35.7% |
| Recurring financial charges | 65 | €295 | €190 | -€105 | -35.7% |
| Profit (loss) for the period before taxes | 9903 | €977 | €29,385 | +€28,409 | +2908.7% |
| Income taxes | 67/77 | €218 | €435 | +€218 | +100.0% |
| Profit (loss) for the period | 9904 | €759 | €28,950 | +€28,191 | +3714.0% |
| Profit (loss) for the period to be appropriated | 9905 | €759 | €28,950 | +€28,191 | +3714.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.